Ownership history in Petiole USA ltd Β· 16 quarters on record
This page tracks every 13F SEC filing in which Petiole USA ltd reported a position in FIRST MERCHANTS CORP (FRME). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π Petiole USA ltd underperformed the S&P 500 by β9.8% annually on this FRME position. Timing score: 75% (3/4 decisions correct). Average cost basis: $32.74. Maximum drawdown during holding period: β30.1%.
β Significantly underperformed the S&P 500 by 9.8% ann.
15 quarters analyzed
π― Smart timing β consistently buying dips and trimming near peaks.
3 of 4 add/trim decisions correct
Best entry: $30.87 (2022 Q2) Β· Worst: $35.77 (2022 Q1)
πͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.
3 adds Β· 1 trim. Bought during 1 of 8 down-price quarters. π Consistently bullish β fund kept accumulating this position.
π Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 2.28% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.
As of 2025 Q4 β sorted by position size